United Oil & Gas Share Discussion Threads

[soulsauce] 21/2/2019 13:36

Thanks bountyhunter.

[bountyhunter] 21/2/2019 13:34

Malcy today:

United Oil & Gas
UOG has announced that ERCE in its latest CPR has upgraded the Company’s Jamaican Gross Unrisked Mean Oil Prospective Resources from 219 MMstb to 229 MMstb. At the same time the ERCE upgraded the COS from 16% to 20%. I am due a meeting with CEO Brian Larkin but i’m not sure that a date has yet been agreed with Tullow for drilling the prospect, either way with this and other recent good news UOG is looking in pretty good shape.

[soulsauce] 21/2/2019 13:23

Yes all on Colter now, everything crossed for that one.

Hopefully the company can get the 'transformational deal' over the line as well.

[bountyhunter] 21/2/2019 12:44

Seems so, what's the next anticipated news, Colter?
(other than Aim relisting)

[soulsauce] 21/2/2019 12:12

You mean not quite as good as BL alluded to 😕

At least it has provided some much needed liquidity to may be get rid of more of the sellers hoard.

[bountyhunter] 21/2/2019 11:46

Exactly, good thing it wasn't a decrease! Not quite as good as hoped for perhaps but good news nevertheless.

[mustbefunny] 21/2/2019 10:44

Must re-read the rns. Could have sworn it said the estimated volume and cos have increased.

[billyboychrisd] 21/2/2019 10:05

Fair point, I hear you.

[soulsauce] 21/2/2019 09:41

What it needs to do billyboychris is start under promising and over delivering.

I like BL's enthusiasm in his comments and pieces to camera but I know how I feel (it is just my opinion) and I have been led to believe or expected all the CPR's would have been better than they have turned out to be.

As I say, just my opinion.

[billyboychrisd] 21/2/2019 09:35

No problem.Market seems underwhelmed also. Can't help thinking though, this company is building a huge breadth of opportunity for itself.A matter of time until the pieces come together? A big deal? A successful drill? Multiple chances of success on the horizon.

[adorling] 21/2/2019 08:47

Somewhat underwhelmed tbh

[soulsauce] 21/2/2019 08:38

Thanks for the correction billyboychris reading on my phone and some of the text is missing from the table.

[bountyhunter] 21/2/2019 08:36

did you not read my post iLeeman?

[billyboychrisd] 21/2/2019 08:33

Sorry if I've misunderstood, but scroll down the RNS. Chance of success now 20% from 16%.

[soulsauce] 21/2/2019 08:27

Well glad I was sitting down for that :-/

Good news but market obviously expected more as did I.
As iLeeman points out the increased chance of success is probably better news than the small increase in resource but unfortunately they don't say what the increase is.

I expected more of the other prospects at least getting a mention if not a risked resource assigned to them and to be more upbeat.
And has BL not always talked of Colibri being a 250mbo prospect?

Sorry to say but a bit disappointed.

[ileeman] 21/2/2019 07:58

Great news on increase but for balance why is no one mentioning the chance of success?

[bountyhunter] 21/2/2019 07:21

Good news, "an increase in the geological chance of success" may be more significant than the upgrade to the level of reserves.

[sleveen] 21/2/2019 07:17

A 5% increase in unrisked prospective resources.

Wow.

[the manini] 17/2/2019 03:34

https://twitter.com/Alexios1201/status/1096900760334487552?s=19

[soulsauce] 13/2/2019 09:16

From Tullow today, at least Jamaica gets a mention this time:-

Jamaica

Interpretation of a 2,200 sq km 3D seismic survey recorded in 2018 continues as Tullow matures prospects that can compete for capital for drilling in 2020.

[soulsauce] 12/2/2019 21:53

bountyhunter I don't think no stamp duty will help.

I never give it a second thought when I buy a share as it is such a negligable amount in the scheme of things.

As you say we still need to clear the seller. The board ought to be concerned that the share price has gone sideways with spikes being sold in to for 15months.

[bountyhunter] 12/2/2019 21:44

No stamp duty could help longer term though?
... but still need to wait for the seller to clear.